Gaslite Square Plaza

305 10th Ave W , Milan, IL 61264

  • For Sale $1,512,588
  • Property Type Retail
  • Property Size 10,790 SF
  • Lot Size 2.35 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Date Updated Apr 24, 2024
Milan is a village in Rock Island County, Illinois, United States. The village is on the Rock River in northwest Illinois, about 4 miles upstream of its outlet to the Mississippi. The village is the site of the south campsites which comprised the Sauk and Fox village of Saukenuk, once the second-largest Native American inhabitation in North America. Milan is located near the Quad Cities of Illinois and Iowa. Rock Island is part of the Quad Cities area which consists of Rock Island, Moline, and East Moline in Illinois, and Davenport and Bettendorf on the Iowa side of the river. The Quad Cities area combined population is close to 400,000. Located on the bend of the Mississippi where "the river runs east and west," the Quad Cities is made up of several close-knit municipalities in eastern Iowa and western Illinois. It is easily accessible by rail, barge, and air and sits at the convergence of Interstates 74, 80, and 88. This mid-sized metropolitan area offers the best of both worlds. The Quad Cities brings you all the excitement of a big city with all the hospitality of a small town. It is large enough for a great transportation infrastructure, cultural attractions, and high quality of life, yet small enough for ease of travel, low cost of living, and low crime rate. The people of the Quad Cities have inherited the strong work ethic of an industry-oriented community resulting in a highly productive work force. Commitment to learning is reflected by one of the top high school graduation rates in the nation, three quality university campuses, and several, well rounded vocational programs. When the work is done, citizens enjoy a variety of festivals, sports, and recreational activities. Appreciation of the arts is evident in a wide variety of performing arts and museums. Additionally, residents take the opportunity to enjoy the scenic riverfront and communities through the many festivals and events held throughout the year.

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Attachments

Highlights

  • NEW 5-YEAR LEASES - Cactus Mexican Restaurant signed a brand new 5-year lease in February. Milan Liquor and Milan Laundromat will sign new 5-year leases at close of escrow. Noticeable strong tenant commitment to remain at this location.
  • EXCELLENTLY MAINTAINED - Shanghai Chinese Restaurant underwent a brand new build a few years ago. Kathy Sue's has spent nearly $100,000 on recent renovations. Most other tenants have brand new LED lights, ceilings, electrical and HVAC units.
  • HIGH TRAFFIC COUNTS - The immediate area sees close to 23,000 vehicles per day from 10th Ave W (6,700), 4th St W (6,300) and 1st St W (9,800). Per Placer.ai, Happy Joe's next door reported 8,400 visits in March and Dollar General reported 6,300 visits driving heavy foot traffic to the area.
  • HEAVY RETAIL PRESENCE - This site shares its lot with national tenant Dollar General and is located directly next to KFC and AutoZone. Across the street are Hy-Vee and CVS. The plaza takes advantage of robust traffic counts from several shopping centers nearby.
  • STRONG DEMOGRAPHICS - Solid population counts of 4,105 within 1 mile, 19,713 within 3 miles, 67,484 within 5 miles and 260,652 within 10 miles.
  • LARGE EMPLOYERS CLOSEBY - XPAC, a large internet company with 3,000 employees and an annual revenue of $420.0M is up the street. John Deere Parts Distribution Center is a 2.5 million SF facility, one of the largest working warehouses in Northern America.

Contacts

broker

Filip Hernas

Prime Net Lease

(714) 849-5997

Location

Getting Around

  • Walk Score ®

    60/100 Somewhat Walkable
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Milan, IL
  • Neighborhood Milan
  • Zip Code 61264

Points of Interest

  • Hy-Vee Gas

    0.17 miles

  • Hy-Vee Gas

    3.50 miles

  • Shell

    3.86 miles

  • Jewel Express

    3.91 miles

  • 76

    3.91 miles

  • BP

    4.08 miles

  • BP

    4.38 miles

  • Gas Land

    4.55 miles

  • 7-Eleven

    5.06 miles

  • Shell

    5.27 miles

  • Credit Union Parking

    0.26 miles

  • Short Term Parking

    3.51 miles

  • Long Term Parking

    3.52 miles

  • Rental Cars

    3.55 miles

  • Cell Phone Lot

    3.72 miles

  • Lot R

    3.91 miles

  • Lot S

    3.95 miles

  • Lot L

    3.96 miles

  • Lot M

    4.00 miles

  • Lot K

    4.07 miles

  • Pizza Joynt

    0.32 miles

  • McDonald's

    0.48 miles

  • Hardee's

    0.58 miles

  • Subway

    0.72 miles

  • Maid-Rite

    0.72 miles

  • Benny's Pizza

    1.44 miles

  • Fazoli's

    2.95 miles

  • Hungry Hobo

    3.48 miles

  • Rudy's Tacos

    3.49 miles

  • McDonald's

    3.51 miles

  • Hy-Vee

    0.09 miles

  • Save-A-Lot

    0.60 miles

  • Hy-Vee

    2.90 miles

  • Kohl's

    2.96 miles

  • Target

    3.02 miles

  • Hy-Vee

    3.44 miles

  • Aldi

    3.57 miles

  • Von Maur

    3.84 miles

  • City Line Plaza

    3.84 miles

  • Jewel-Osco

    3.85 miles

Frequently Asked Questions

What is the lease rate for Gaslite Square Plaza?

Rental asking rate at Gaslite Square Plaza is $756,294.00/YR.

What is the total square footage of Gaslite Square Plaza?

Gaslite Square Plaza totals 10,790 square feet.

When was this property built?

Gaslite Square Plaza was built in 1977.

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Contact Listing Broker

broker

Filip Hernas

Prime Net Lease

(714) 849-5997